GBPAUD Could Drop to 1.75000

Price was consolidating in the purple structure above and price broke structure i'm waiting fr price to close under the 200 ema and also under the 50% on the Fibonacci retracement. Also price just closed and created a 3 pin formation on the 1hr timeframe. Price could retrace back to the box structure above before falling more but we will see!
Ascending ChannelbrexitcandlestickpatternChart Patternsconsolidationconsolidation-breakoutFibonacci RetracementGBPgbpaudshortTechnical IndicatorsTechnical AnalysisTrend Analysis

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